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Emily is a partner in DEF LLP, a limited liability partnership that uses the accrual basis of accounting for tax purposes. In 2023, DEF LLP



  • Emily is a partner in DEF LLP, a limited liability partnership that uses the accrual basis of accounting for tax purposes. In 2023, DEF LLP allocated the following net income to Emily:

    PartnerAllocated Net Income
    Emily$200,000

    Can Emily deduct this amount on her personal income tax return?

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